How can I apply for Udyam Registration?
What is udyam registration ?
Udyog Aadhar Registration is a government registration process introduced by the Ministry of Micro, Small and Medium Enterprises (MSMEs) in India. It is a simple and online process to register small and medium enterprises as MSMEs. The registration process replaced the earlier process of MSME registration known as Udyog Aadhaar registration. Under the Udyam Registration process, MSMEs can obtain a unique identification number known as the Udyam Registration number, which serves as proof of their registration. The registration process helps MSMEs to avail various benefits offered by the government, such as subsidies, credit facilities, and protection under various laws.
What is the validity of Udyam Registration?
The validity of Udyam Registration is perpetual, which means that once a business is registered under Udyam, it does not need to renew its registration. Earlier, under the Udyog Aadhaar registration, MSMEs had to renew their registration every 5 years, but the Udyam Registration process does not require any such renewal. However, the registered MSMEs must update their details, such as turnover and investment, regularly to keep their Udyam Registration certificate updated. In case of any changes to the business, the registered MSMEs must update their Udyam Registration within 30 days from the date of such changes.
Is Udyam Registration mandatory for small businesses?
No, Udyam Registration is not mandatory for small businesses. However, it is advisable for small businesses to register under Udyam as it provides various benefits offered by the government for MSMEs. Moreover, many government schemes and initiatives are exclusively available for registered MSMEs, and having a Udyam Registration certificate can help small businesses to avail these benefits. Udyam Registration is a simple and online process, and small businesses can easily register themselves to obtain the registration certificate. Therefore, even though it is not mandatory, it is highly recommended for small businesses to get registered under Udyam.
Process of udyam registration online
The process of Udyam Registration online is as follows:
- Visit the Udyam Registration portal: The first step is to visit the official Udyam Registration portal – https://udyamregistration.co/
- Provide the Business Details: In this step, the business owner needs to provide the basic details of the business, such as its name, type of organization, PAN, and Aadhaar number.
- Provide Contact Details: The next step is to provide the contact details of the business, such as email id and mobile number.
- Provide Financial Details: In this step, the business owner needs to provide the financial details of the business, such as investment and turnover.
- Self-Declaration: In this step, the business owner needs to self-declare the information provided in the previous steps as true and correct to the best of their knowledge.
- Submit the Application: Once all the details are provided, the business owner needs to submit the application for Udyam Registration.
- Obtain the Udyam Registration Certificate: After the submission of the application, the system will generate the Udyam Registration Certificate. The certificate can be downloaded from the portal.
It is important to note that the Udyam Registration process is free of cost, and there is no need to approach any third party for registration. The entire process is online, and the registration certificate is generated instantly upon successful submission of the application.
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Conclusion
applying for Udyam Registration is a straightforward process that can be done entirely online through the official Udyam Registration portal. The registration process involves providing basic business and contact details, financial details, and self-declaration. Once the application is submitted, the Udyam Registration certificate is generated instantly, which serves as proof of the business’s registration as an MSME. Udyam Registration provides various benefits offered by the government for MSMEs, and it is advisable for small businesses to register themselves under Udyam to avail these benefits. By following the step-by-step process of Udyam Registration, small businesses can easily apply for and obtain their Udyam Registration certificate to start their journey towards growth and success.
